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How
does WideLines help Producers (Agents and Brokers)?
With WideLines, Producers can gain instant access to virtually
all commercial insurance markets. Producers also cut administrative
costs by using WideLines' on-line forms that are pre-populated
with the Producer's and clients' information, and by using their personal
"My WideLines" database to track submissions, quotes, and policy
terms.
How does WideLines help Underwriters (Carriers,
MGA's, and MGU's)?
With WideLines, Underwriters can reach a much broader
network of revenue-generating Producers and can drastically reduce administrative
costs using patent-pending XML technology.
Will WideLines create proprietary sites for Underwriters?
Yes. WideLines develops proprietary sites for Underwriters. These sites, which are licensed under the name SignatureLines, contain the Underwriter's customized
forms, rating algorithms and branding. SignatureLines employs the same XML technology as the WideLines Marketplace,
and allows the Underwriter to communicate directly with
its Producer network. WideLines can create a SignatureLines
site for Underwriters in as little as four weeks, and at a fraction of the cost of internal or outsourced development.
How much does it cost to use WideLines?
WideLines is free for Producers. Underwriters pay an average of $10
for each submission received through WideLines. Underwriters will also pay an additional fee for online policy binding and issuance. For a SignatureLines site,
Underwriters pay a licensing fee, an annual hosting and support fee, and a per transaction fee.
Do Producers collect commissions?
Yes. Producers collect customary, stated commissions from
Underwriters.
How do I enroll in WideLines?
Simply go to the WideLines home page,
select Producer or Underwriter enrollment, and enter the required information.
Is WideLines secure?
Yes. The WideLines site utilizes secure socket layer with
128-bit encryption, the highest level of security currently
available. WideLines will continually update its security
as new technology becomes available.
Who will be able to see the submissions a Producer makes
through WideLines?
Only Underwriters
chosen by the Producer are able to view submission data. No other
Underwriters or Producers will ever see a submission.
What is XML and how does it benefit Underwriters?
XML is a relatively new technology that allows for the seamless
transfer of data in different forms. With WideLines' patent-pending
XML technology, Underwriters can receive submission data
directly into their underwriting databases without manually
re-keying information. Where possible, WideLines uses the
XML protocols developed by ACORD. For more information on
XML technology, please click "Technology" above.
If Underwriters don't want submission data in XML
format, can they receive it in other formats?
Yes. WideLines can deliver submission data to Underwriters
in any format they choose, including HTML, email, fax or comma
separated value (i.e., data that can be downloaded into a
spreadsheet).
Are Underwriters required to use WideLines' online
forms?
WideLines will provide one universal form for each line of business.
Underwriters can use these forms or, if they choose,
WideLines will create customized forms for Underwriters
on a SignatureLines site.
Does WideLines provide technical support to Producers and Underwriters?
Yes. If you need technical help, please contact us at
technicalsupport@widelines.com.
Can Producers and Underwriters bind online?
Policy binding and issuance is coming soon. Presently, once a Producer chooses a quote from an Underwriter, the two must undertake the customary policy binding and issuance
process.
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